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Hi If am employee gets a 30K tax free redundancy payment,

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Hi

If am employee gets a 30K tax free redundancy payment, do they have to show this on thier self assessment tax return and if so, which box would it go in?

Thanks
Hello and welcome to the site. Thank you for your question.

You will report the figure as part of additional information (Form SA101) under the heading "
Share schemes and employment lump sums, compensation and deductions and certain post-employment income."

Enter the value on Box 9 - Compensation and lump sums £30,000 exemption.

More information can be found here .. look at Page AiN 15
http://www.hmrc.gov.uk/worksheets/sa101-notes.pdf

I hope this is helpful and answers your question.

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JP, I thank you for accepting my answer.

Best wishes.

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